Financial Dictionary

This dictionary contains:
24549
financial terms

Protective covenant




Protective covenant

A part of an indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lender's interests.

RELATED TERMS
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Indenture
Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders.

Loan
Something lent (usually money) that will have to be given or paid back (usually with interest).

Company
A proprietorship, partnership, corporation, or other form of enterprise that engages in business.

Take
1) To agree to buy. A dealer or customer who agrees to buy at another dealer's offered price is said to take the offer. 2) Euro bankers speak of taking deposits rather than buying money.

Term
The period of time during which a contract is in force.

Protect
Assure the salesperson or trader that interest, buy or sell, will be attended to, given any change in the trading circumstances.



SIMILAR TERMS
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Proteas de Inversiones, SICAV, S.A.
Proteas de Inversiones, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment.

Protect
Assure the salesperson or trader that interest, buy or sell, will be attended to, given any change in the trading circumstances.

Protected fund
A type of mutual fund that guarantees an investor at least the initial investment, plus any capital gains, if it is held for the contractual term.

Protected strategy
A position that has limited risk. A protected short sale (short stock, long call) has limited risk, as does a protected straddle write (short straddle, long out-of-the-money combination).

Protectionism
The practice of restricting imports in order to increase the sales of domestic products.

Protective Life
Protective Life is a top United States corporation in the field of insurance, and its estimated market value is 2,770 million US dollars.

Protective put buying strategy
A strategy that involves buying a put option on the underlying security that is held in a portfolio.

Protective stop
A strategy that aims to limit potential losses to a desired amount by using a stop-loss or stop-limit order.

PROTEOME Systems Limited
PROTEOME Systems Limited is a large Australian company in the field of health care equipment and services. Their Australian Stock Exchange (ASX) code is PXL.

Protest
Instructions given to a collecting bank that drafts falling due for payment are to be formally presented to the drawee by a notary, who is to formally record any default.

Prothom Alo
Prothom Alo is a newspaper in Bangladesh.

Prototype plan
A qualified retirement plan sponsored by a financial institution.



PREVIOUS AND NEXT TERMS
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Prospectus
Document inviting -the public to buy shares, stating the terms of sale and giving information about the company.

Protect
Assure the salesperson or trader that interest, buy or sell, will be attended to, given any change in the trading circumstances.

Protected fund
A type of mutual fund that guarantees an investor at least the initial investment, plus any capital gains, if it is held for the contractual term.

Protected strategy
A position that has limited risk. A protected short sale (short stock, long call) has limited risk, as does a protected straddle write (short straddle, long out-of-the-money combination).

Protectionism
The practice of restricting imports in order to increase the sales of domestic products.

Protective covenant

Protective put buying strategy
A strategy that involves buying a put option on the underlying security that is held in a portfolio.

Protective stop
A strategy that aims to limit potential losses to a desired amount by using a stop-loss or stop-limit order.

Protest
Instructions given to a collecting bank that drafts falling due for payment are to be formally presented to the drawee by a notary, who is to formally record any default.

Prototype plan
A qualified retirement plan sponsored by a financial institution.

Provision for income taxes
An amount on the P & I statement that estimates a company's total income tax liability for the year.

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This dictionary contains 24549 terms.







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